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COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE (TABLES)
 6 Months Ended
Jun. 30, 2016
COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE (TABLES)  
COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE (TABLES)

The following table sets forth the computation of basic and diluted Loss per Share:

 

 

Three-month

 

Six-month

 

June 30, 2016

 

June 30, 2016

Numerator:

 

 

 

 

 

Net Loss

$

(1,101,815)

 

$

(1,474,195)

 

 

 

 

 

 

Numerator for basic EPS – income (loss)

 

 

 

 

 

Available to common shareholders

 

(1,101,815)

 

 

(1,474,195)

 

 

 

 

 

 

Numerator for diluted EPS – income (loss)

 

 

 

 

 

Income available to common shareholders

 

(1,101,815)

 

 

(1,474,195)

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic EPS –

 

 

 

 

 

Weighted average shares

 

31,468,245

 

 

31,468,245

 

 

 

 

 

 

Denominator for diluted EPS -

 

 

 

 

 

Weighted-average shares and assumed Conversions

 

31,468,245

 

 

31,468,245

 

 

 

 

 

 

Basic loss per common share

$

(0.04)

 

$

(0.05)

 

 

 

 

 

 

Diluted loss per common share

$

(0.04)

 

$

(0.05)